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Ann: Suspension Extension Request, page-250

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Reed92

247 Posts.

18

23/05/18

00:17

Post #: 33261163
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Originally posted by 4urfuture ↑

In my opinion it's something to do with Hemp Hulling company, this was the deal on November 22nd 2017 in an announcement Qbl put out. ............" The material terms of the acquisition agreement are that in return for MCL receiving a 55% interest in HHC, MCL will issue 5% of Vitahemp to the current owners of HHC, MCL will invest an additional $300,000 in further upgrading processing equipment, and will issue an additional $1.5M worth of MCL shares to the shareholders of HHC when MCL lists independently on the ASX"............ Maybe they have bought more of a stake in hemp hulling as they are putting money into upgrading things in return giving HHC more of vitahemp or shares when MCL lists perhaps. Anyhow I'm very happy with the way Qbl/mcl is progressing.

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I can confirm that VitaHemp are currently having a major upgrading to there processing facility if that helps?

QBL Price at posting: 4.9¢ Sentiment: Hold Disclosure: Held
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